Lucintel Blog: Lucintel Forecasts Wire and Cable Market to Reach $164.3 Billion by 2027

Friday, September 16, 2022

Lucintel Forecasts Wire and Cable Market to Reach $164.3 Billion by 2027

According to the recent study the wire and cable market is projected to reach an estimated $164.3 billion by 2027 from $118.0 billion in 2021, at a CAGR of 5.7% from 2021 to 2027. Growth in this market is primarily driven by electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities.

Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends, opportunities and forecast in wire and cable market by voltage type (low voltage cables, medium voltage cables, and high voltage cables), end use industry (utilities, industrial, residential, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/wire-and-cable-market.aspx

“Low voltage cable market is expected to remain the largest segment during the forecast period.”

Based on voltage type, the wire and cable market is segmented into low voltage cables, medium voltage cables, and high voltage cables. Lucintel forecasts that the low voltage cable market is expected to remain the largest segment due to growth in construction as well as automotive sector, especially in China and India.

“Within the wire and cable market, the utilities segment is expected to remain the largest end use industries.”

Based on end use industries the utilities segment is expected to witness the highest growth over the forecast period due to the continuous expansion in electrical infrastructure to fulfill growing electricity demand.

“Asia pacific will dominate the wire and cable market in near future.”

Asia Pacific is expected to remain the largest market over the forecast period due toe conomic expansion, industrialization, urbanization, and rural electrification projects, particularly in India and China, are leading the demand for energy cables.

Download Brochure of this report by clicking on https://www.lucintel.com/wire-and-cable-market.aspx.

Major players of wire and cable market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Prysmian Group, Nexans S.A., Leoni AG, NKT A/S, Sumitomo Electric Industries, Encore Wire Corporation, KEI Industries Limited, and Southwire are among the major wire and cable providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/wire-and-cable-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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